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Brokerage IRA

Plan to meet your retirement challenges with the wide range of investment options available in Prudential's Brokerage IRA.

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Set yourself up for success

Use the tools and investments available in Prudential's Brokerage IRA to create a broad, diversified portfolio.

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A wide range of investment options

From mutual funds to equities to fixed income investments for individual retirement accounts (IRAs) and after-tax accounts, we provide a broad lineup of investment products— all for a competitive price.

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Convenient Ways to Trade

The Prudential Brokerage IRA allows you to place trades online, via automated phone lines or by speaking with a Retirement Counselor.

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Online trades

To make a trade online, visit our website and login to your account.

Phone trades

To make trades via the automated system, call 888-244-6237 and press "2".

Retirement Counselors

To make a trade with the help of a retirement counselor, call 888-224-6237 Option 4, and then press "1".*

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Brokerage pricing guide

Effective June 1, 2019, the pricing listed below applies to new clients of PIMs who hold accounts beginning with the prefix F72 or F73. Accounts that begin with any other prefix can contact a retirement counselor at 888-244-6237 for pricing details.

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Equities and options

Trading Costs1
All orders over 10,000 shares: $29.95 (per transaction)
All options orders: $29.95 (plus $2.00 per contract)
 
Representative-assisted trading
All orders less than 10,000 shares: $29.95 (per transaction)

Bonds

Agency
Corporates, agencies and government $100 flat, up to 100 bonds, $5 per bond thereafter
 
Principal
Corporates, agencies and government When PIMS acts as a principal, we will charge a markup or markdown
Bonds can only be traded through a retirement counselor. To trade, please call 888-244-6237 and press option 4 and then option 1.

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Account fees

Annual account fee
Annual fee2
$40

Any account closed within six months of opening will be subject to a $100 fee. Additionally, accounts with a balance of less than $1,000 may be closed at any time at our discretion.

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Additional fees

Item Fee
Account exit fee $100
Partial account transfer fee (ACAT) $50
tenders, calls, reorganizations $22 per transaction
Reg T trade or margin extension fee $20 per extension
Inactivity fee3 $25
Legal transfer/ legal return fee $20
Wire transfers (outgoing) $25
Overnight mail $30
Tax form copies $2.50 per page
Checkwriting, VISA $5 per month4
Check copies $15
Checks under $200 $20 per check5
Returned checks (insufficient funds) $25
Stop payment/ reissue $25
Statement copies $2.50 per page
Mailgram fee $10 per mailgram

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* Additional charges may apply

  1. All orders 10,000 shares and over: $0.02 per share. Equities trading under $1.00 and principal amount $5,000 or less: 4% of principal. Equities trading under $1.00 and principal amount greater than $5,000: $50.00 plus 4% of principal.

  2. Fee based on your total household balance with PIMS. Accounts are typically valued in October. Fees will be reflected on your December statement. Accounts closed prior to the valuation date that are below the minimum balance threshold will be assessed the annual fee. Does not apply to Self-Directed Brokerage accounts.

  3. Charged annually. Does not apply to retirement accounts. Does not apply to any account with at least one commissionable trade in current calendar year.

  4. Banks may charge fees for the use of their ATMs ($5,000 account minimum).

  5. Does not apply to IRAs.

Funds/securities must be in the account prior to execution of the transaction. Fees are subject to change without notice.

Investors who enter “Good-til-Cancelled” orders that are executed over several days will be charged a fee based on each day’s activity. Orders to open and close the same position or the exercise or assignment of any option position are executed as separate transactions and will be subject to commission charges on each trade.

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Resources

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Open Account

To speak with a counselor call 888-244-6237 Option 4, then 2

Or visit prudential.com/prs

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Footnote

Details on the backgrounds and qualifications of registered persons who conduct business with you can be found on the FINRA BrokerCheck website.

Before investing in a mutual fund, consider the funds' investment objectives, risks, charges, and expenses. Please call 877-778-2100 for a prospectus or, if available, a summary prospectus containing this information. You should read the prospectus and the summary prospectus, if available, carefully before investing. It is possible to lose money when investing in securities.

Retirement counselors are registered representatives of Prudential Investment Management Services LLC (PIMS), Newark, NJ an SEC-registered broker dealer and Investment Advisor Representatives of Prudential Customer Solutions LLC (PCS), an SEC-registered investment advisor. Brokerage services and products are offered through PIMS, investment advisory products and services are offered through PCS.

Self-Directed Brokerage products and services are offered through Prudential Investment Management Services LLC (PIMS), Newark, NJ, a Prudential Financial company. Self-Directed Brokerage Accounts are carried and maintained by National Financial Services LLC
pursuant to a clearing agreement with PIMS.

The sale or liquidation of any stock, bond, IRA, certificate of deposit, mutual fund, annuity, or other asset to fund the purchase of this product may have tax consequences, early withdrawal penalties, or other costs or penalties as a result of the sale or liquidation. You or your agent may wish to solicit independent legal or financial advice before selling or liquidating any assets, and prior to the purchase of any life or annuity products being solicited, offered for sale, or sold.

An investment in the money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.

Amounts withdrawn before age 59½ may be subject to a 10% federal income tax penalty, applicable taxes, and plan restrictions. Withdrawals are generally taxed at ordinary income ta x rates.

This material is intended to provide information only. This material is not intended as advice or recommendation about investing or managing your retirement savings. By sharing this information, Prudential Retirement® is not acting as your fiduciary as defined by the Department of Labor or otherwise. If you need investment advice, please consult with a qualified professional.

Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company, Hartford, CT, or its affiliates. (California COA # 1179).

Guarantees are based on the claims-paying ability of the issuing insurance company and are subject to certain limitations, terms, and conditions.

In providing this information, Prudential Retirement is not undertaking to provide impartial investment advice, or to give advice in a fiduciary capacity. Prudential Retirement may benefit from advisory and other fees paid to it or its affiliates for managing, selling, or settling of the Prudential mutual funds and other investment products or securities offered by Prudential Retirement or its affiliates. Investment vehicles sponsored or managed by a Prudential Retirement affiliate generate more revenue for the Prudential enterprise than non-proprietary investment vehicles. Prudential Retirement may benefit directly from the difference between investment earnings of Prudential Retirement's stable value funds and the amount credited to deposits in those funds. Prudential Retirement may also benefit from broker-dealer or other entities’ co-sponsorship of Prudential conferences.

Neither Prudential Financial, nor any of its representatives, are tax or legal advisors. You are encouraged to consult your individual legal or tax advisor with any specific questions.

© 2019 Prudential, the Prudential logo, the Rock symbol and Bring Your Challenges are service marks of Prudential Financial, Inc., and its related entities, registered in many jurisdictions worldwide.

 

For compliance use only: 1022714-00001-00

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